Mortgage Blog

Some borrowers suggested to talk more about the
interest rates, not just running.

The rate pulled back a little bit from 9 month
high of yesterday. Like I mentioned in the previous
blogs, the bond trades within a range. It will be
safe when we have 10 yr note at the level of 2.0x,
and we can lock the rate when the bond at the level
of 1.8x.

So at this memoent, I believe the interest rate
will be lower for most fixed loan programs.
I still lock a lot of loan recently, even though the
rate is high. The reason is very simple, I "know" the
trend, and a lot of borrowers can lock 15 yr fixed 2.5%
to 2.625%. 30 yr fixed 3.375%. For high balance loans,
I still locked some rates of around 3.5% for 30 yr
fixed, 2.875% for 15 yr fixed. Impound account
is needed for those best rates.